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INDAQUA valuation, funding and investors

INDAQUA works in municipal water concession management, based in Matosinhos, Portugal. Founded in 1994, it has about 359 employees.

Matosinhos Growth Equity
VALUATION · TODAY
$4.72B +0% after Growth
Range $2.63B – $7.19B · Grade B
TODAY
+12 MO
$2.00B
$4.00B
$6.00B
$8.00B
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
2017
2019
2021
2023
2025
Growth $419M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY359 employees
−1%6m growth
+2%1y growth
+38%2y growth
250
500
Data from Jan 2021
TODAY
Predicted in 1 yr $4.72B +0% vs today
Predicted next raise $463M if a round comes
Winding-down probability 0%
Last round
Growth · $419M · Sep 2025
Valuation at last round
$4.27B · implied
Headcount
359 · flat
Grade
B
Founded
1994
How VCMC values companies →

INDAQUA valuation today

VCMC values INDAQUA at $4.7B today, with a range of $2.6B to $7.2B and a grade of B. The valuation starts from its last funding round, a growth round in Sep 2025.

Valuation by date (396 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

INDAQUA: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 1994$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 1995$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 1996$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 1997$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 1998$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 1999$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2000$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2001$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2002$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2003$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2004$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2005$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2006$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2007$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2008$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2009$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Sep 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Oct 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Nov 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Dec 2010$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jan 2011$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Feb 2011$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Mar 2011$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Apr 2011$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 May 2011$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jun 2011$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Jul 2011$3.11M$1.13M – $8.55M$3.11M (0%)before first round–unknownD0%
1 Aug 2011$3.11M$1.13M – $8.55M$3.13M (0%)before first round–unknownD0%
1 Sep 2011$3.11M$1.13M – $8.55M$3.14M (+1%)before first round–unknownD0%
1 Oct 2011$3.11M$1.13M – $8.55M$3.15M (+1%)before first round–unknownD0%
1 Nov 2011$3.11M$1.13M – $8.55M$3.16M (+2%)before first round–unknownD0%
1 Dec 2011$3.11M$1.13M – $8.55M$3.17M (+2%)before first round–unknownD0%
1 Jan 2012$3.11M$1.13M – $8.55M$3.19M (+2%)before first round–unknownD0%
1 Feb 2012$3.11M$1.13M – $8.55M$3.20M (+3%)before first round–unknownD0%
1 Mar 2012$3.11M$1.13M – $8.55M$3.21M (+3%)before first round–unknownD0%
1 Apr 2012$3.11M$1.13M – $8.55M$3.22M (+4%)before first round–unknownD0%
1 May 2012$3.11M$1.13M – $8.55M$3.24M (+4%)before first round–unknownD0%
1 Jun 2012$3.11M$1.13M – $8.55M$3.25M (+4%)before first round–unknownD0%
1 Jul 2012$3.11M$1.13M – $8.55M$3.26M (+5%)before first round–unknownD0%
1 Aug 2012$3.13M$1.14M – $8.59M$3.28M (+5%)before first round–unknownD0%
1 Sep 2012$3.14M$1.14M – $8.62M$3.29M (+5%)before first round–unknownD0%
1 Oct 2012$3.15M$1.15M – $8.65M$3.30M (+5%)before first round–unknownD0%
1 Nov 2012$3.16M$1.15M – $8.69M$3.31M (+5%)before first round–unknownD0%
1 Dec 2012$3.17M$1.16M – $8.72M$3.33M (+5%)before first round–unknownD0%
1 Jan 2013$3.19M$1.16M – $8.75M$3.34M (+5%)before first round–unknownD0%
1 Feb 2013$3.20M$1.16M – $8.79M$3.35M (+5%)before first round–unknownD0%
1 Mar 2013$3.21M$1.17M – $8.82M$3.37M (+5%)before first round–unknownD0%
1 Apr 2013$3.22M$1.17M – $8.86M$3.38M (+5%)before first round–unknownD0%
1 May 2013$3.24M$1.18M – $8.89M$3.39M (+5%)before first round–unknownD0%
1 Jun 2013$3.25M$1.18M – $8.93M$3.41M (+5%)before first round–unknownD0%
1 Jul 2013$3.26M$1.19M – $8.96M$3.42M (+5%)before first round–unknownD0%
1 Aug 2013$3.28M$1.19M – $9.00M$3.43M (+5%)before first round–unknownD0%
1 Sep 2013$3.29M$1.20M – $9.03M$3.45M (+5%)before first round–unknownD0%
1 Oct 2013$3.30M$1.20M – $9.07M$3.46M (+5%)before first round–unknownD0%
1 Nov 2013$3.31M$1.21M – $9.10M$3.47M (+5%)before first round–unknownD0%
1 Dec 2013$3.33M$1.21M – $9.14M$3.49M (+5%)before first round–unknownD0%
1 Jan 2014$3.34M$1.22M – $9.17M$3.50M (+5%)before first round–unknownD0%
1 Feb 2014$3.35M$1.22M – $9.21M$3.51M (+5%)before first round–unknownD0%
1 Mar 2014$3.37M$1.23M – $9.24M$3.53M (+5%)before first round–unknownD0%
1 Apr 2014$3.38M$1.23M – $9.28M$3.54M (+5%)before first round–unknownD0%
1 May 2014$3.39M$1.23M – $9.32M$3.55M (+5%)before first round–unknownD0%
1 Jun 2014$3.41M$1.24M – $9.35M$3.57M (+5%)before first round–unknownD0%
1 Jul 2014$3.42M$1.24M – $9.39M$3.58M (+5%)before first round–unknownD0%
1 Aug 2014$3.43M$1.25M – $9.43M$3.60M (+5%)before first round–unknownD0%
1 Sep 2014$3.45M$1.25M – $9.47M$3.61M (+5%)before first round–unknownD0%
1 Oct 2014$3.46M$1.26M – $9.50M$3.62M (+5%)before first round–unknownD0%
1 Nov 2014$3.47M$1.26M – $9.54M$3.64M (+5%)before first round–unknownD0%
1 Dec 2014$3.49M$1.27M – $9.58M$3.65M (+5%)before first round–unknownD0%
1 Jan 2015$3.50M$1.27M – $9.61M$3.67M (+5%)before first round–unknownD0%
1 Feb 2015$3.51M$1.28M – $9.65M$3.68M (+5%)before first round–unknownD0%
1 Mar 2015$3.53M$1.28M – $9.69M$3.70M (+5%)before first round–unknownD0%
1 Apr 2015$3.54M$1.29M – $9.73M$3.71M (+5%)before first round–unknownD0%
1 May 2015$3.55M$1.29M – $9.76M$3.72M (+5%)before first round–unknownD0%
1 Jun 2015$3.57M$1.30M – $9.80M$3.74M (+5%)before first round–unknownD0%
1 Jul 2015$3.58M$1.30M – $9.84M$3.75M (+5%)before first round–unknownD0%
1 Aug 2015$3.60M$1.31M – $9.88M$3.85M (+7%)before first round–unknownD0%
1 Sep 2015$3.61M$1.31M – $9.92M$3.96M (+10%)before first round–unknownD0%
1 Oct 2015$3.62M$1.32M – $9.96M$4.06M (+12%)before first round–unknownD0%
1 Nov 2015$3.64M$1.32M – $10.0M$4.17M (+15%)before first round–unknownD0%
1 Dec 2015$3.65M$1.33M – $10.0M$4.28M (+17%)before first round–unknownD0%
1 Jan 2016$3.67M$1.34M – $10.1M$4.40M (+20%)before first round–unknownD0%
1 Feb 2016$3.68M$1.34M – $10.1M$4.52M (+23%)before first round–unknownD0%
1 Mar 2016$3.70M$1.35M – $10.2M$4.63M (+25%)before first round–unknownD0%
1 Apr 2016$3.71M$1.35M – $10.2M$4.76M (+28%)before first round–unknownD0%
1 May 2016$3.73M$1.36M – $10.2M$4.88M (+31%)before first round–unknownD0%
1 Jun 2016$3.74M$1.36M – $10.3M$5.01M (+34%)before first round–unknownD0%
1 Jul 2016$3.75M$1.37M – $10.3M$5.15M (+37%)before first round–unknownD0%
1 Aug 2016$3.85M$1.40M – $10.6M$5.28M (+37%)before first round–unknownD0%
1 Sep 2016$3.96M$1.44M – $10.9M$5.43M (+37%)before first round–unknownD0%
1 Oct 2016$4.06M$1.48M – $11.2M$5.57M (+37%)before first round–unknownD0%
1 Nov 2016$4.17M$1.52M – $11.5M$5.72M (+37%)before first round–unknownD0%
1 Dec 2016$4.28M$1.56M – $11.8M$5.87M (+37%)before first round–unknownD0%
1 Jan 2017$4.40M$1.60M – $12.1M$6.03M (+37%)before first round–unknownD0%
1 Feb 2017$4.52M$1.64M – $12.4M$6.19M (+37%)before first round–unknownD0%
1 Mar 2017$4.63M$1.68M – $12.7M$6.34M (+37%)before first round–unknownD0%
1 Apr 2017$4.75M$1.73M – $13.1M$6.52M (+37%)before first round–unknownD0%
1 May 2017$4.88M$1.78M – $13.4M$6.69M (+37%)before first round–unknownD0%
1 Jun 2017$5.01M$1.82M – $13.8M$6.87M (+37%)before first round–unknownD0%
1 Jul 2017$5.14M$1.87M – $14.1M$7.05M (+37%)before first round–unknownD0%
1 Aug 2017$5.28M$1.92M – $14.5M$7.24M (+37%)before first round–unknownD0%
1 Sep 2017$5.42M$1.97M – $14.9M$7.44M (+37%)before first round–unknownD0%
1 Oct 2017$5.57M$2.03M – $15.3M$7.63M (+37%)before first round–unknownD0%
1 Nov 2017$5.72M$2.08M – $15.7M$7.84M (+37%)before first round–unknownD0%
1 Dec 2017$5.87M$2.14M – $16.1M$8.04M (+37%)before first round–unknownD0%
1 Jan 2018$6.03M$2.19M – $16.6M$8.26M (+37%)before first round–unknownD0%
1 Feb 2018$6.19M$2.25M – $17.0M$8.49M (+37%)before first round–unknownD0%
1 Mar 2018$6.34M$2.31M – $17.4M$8.70M (+37%)before first round–unknownD0%
1 Apr 2018$6.52M$2.37M – $17.9M$8.93M (+37%)before first round–unknownD0%
1 May 2018$6.69M$2.43M – $18.4M$9.17M (+37%)before first round–unknownD0%
1 Jun 2018$6.87M$2.50M – $18.9M$9.42M (+37%)before first round–unknownD0%
1 Jul 2018$7.05M$2.57M – $19.4M$9.66M (+37%)before first round–unknownD0%
1 Aug 2018$7.24M$2.64M – $19.9M$9.76M (+35%)before first round–unknownD0%
1 Sep 2018$7.44M$2.71M – $20.4M$9.85M (+32%)before first round–unknownD0%
1 Oct 2018$7.63M$2.78M – $21.0M$9.94M (+30%)before first round–unknownD0%
1 Nov 2018$7.84M$2.85M – $21.5M$10.0M (+28%)before first round–unknownD0%
1 Dec 2018$8.04M$2.93M – $22.1M$10.1M (+26%)before first round–unknownD0%
1 Jan 2019$8.26M$3.01M – $22.7M$10.2M (+24%)before first round–unknownD0%
1 Feb 2019$8.49M$3.09M – $23.3M$10.3M (+21%)before first round–unknownD0%
1 Mar 2019$8.70M$3.17M – $23.9M$10.4M (+19%)before first round–unknownD0%
1 Apr 2019$8.93M$3.25M – $24.5M$10.5M (+17%)before first round–unknownD0%
1 May 2019$9.17M$3.34M – $25.2M$10.6M (+15%)before first round–unknownD0%
1 Jun 2019$9.42M$3.43M – $25.9M$10.7M (+13%)before first round–unknownD0%
1 Jul 2019$9.66M$3.52M – $26.5M$10.8M (+11%)before first round–unknownD0%
1 Aug 2019$9.76M$3.55M – $26.8M$10.9M (+11%)before first round–unknownD0%
1 Sep 2019$9.85M$3.59M – $27.1M$11.0M (+11%)before first round–unknownD0%
1 Oct 2019$9.94M$3.62M – $27.3M$11.1M (+11%)before first round–unknownD0%
1 Nov 2019$10.0M$3.65M – $27.5M$11.2M (+11%)before first round–unknownD0%
1 Dec 2019$10.1M$3.68M – $27.8M$11.3M (+11%)before first round–unknownD0%
1 Jan 2020$10.2M$3.72M – $28.1M$11.4M (+11%)before first round–unknownD0%
1 Feb 2020$10.3M$3.75M – $28.3M$11.5M (+11%)before first round–unknownD0%
1 Mar 2020$10.4M$3.78M – $28.6M$11.6M (+11%)before first round–unknownD0%
1 Apr 2020$10.5M$3.82M – $28.8M$11.7M (+11%)before first round–unknownD0%
1 May 2020$10.6M$3.85M – $29.1M$11.8M (+11%)before first round–unknownD0%
1 Jun 2020$10.7M$3.89M – $29.3M$11.9M (+11%)before first round–unknownD0%
1 Jul 2020$10.8M$3.92M – $29.6M$12.0M (+11%)before first round–unknownD0%
1 Aug 2020$10.9M$3.96M – $29.9M$12.1M (+11%)before first round–unknownD0%
1 Sep 2020$11.0M$3.99M – $30.1M$12.2M (+11%)before first round–unknownD0%
1 Oct 2020$11.1M$4.03M – $30.4M$12.3M (+11%)before first round–unknownD0%
1 Nov 2020$11.2M$4.07M – $30.7M$12.4M (+11%)before first round–unknownD0%
1 Dec 2020$11.3M$4.10M – $31.0M$12.6M (+11%)before first round–unknownD0%
1 Jan 2021$22.9M$4.78M – $110M$23.6M (+3%)before first round140unknownD0%
1 Feb 2021$23.0M$4.80M – $110M$23.7M (+3%)before first round140unknownD0%
1 Mar 2021$23.0M$4.81M – $110M$23.7M (+3%)before first round140unknownD0%
1 Apr 2021$23.1M$4.82M – $110M$23.8M (+3%)before first round140unknownD0%
1 May 2021$23.1M$4.83M – $111M$23.8M (+3%)before first round140unknownD0%
1 Jun 2021$23.2M$4.85M – $111M$23.9M (+3%)before first round140unknownD0%
1 Jul 2021$23.3M$4.86M – $111M$23.9M (+3%)before first round140unknownD0%
1 Aug 2021$23.3M$4.87M – $112M$24.0M (+3%)before first round140unknownD0%
1 Sep 2021$23.4M$4.88M – $112M$24.0M (+3%)before first round140unknownD0%
1 Oct 2021$23.4M$4.90M – $112M$24.1M (+3%)before first round140unknownD0%
1 Nov 2021$23.5M$4.91M – $112M$24.1M (+3%)before first round140unknownD0%
1 Dec 2021$23.6M$4.92M – $113M$24.2M (+3%)before first round140unknownD0%
1 Jan 2022$23.6M$4.94M – $113M$24.2M (+3%)before first round140unknownD0%
1 Feb 2022$23.7M$4.95M – $113M$24.3M (+3%)before first round140unknownD0%
1 Mar 2022$41.3M$10.2M – $143M$42.4M (+3%)before first round190growingD0%
1 Apr 2022$41.4M$10.2M – $143M$42.5M (+3%)before first round190growingD0%
1 May 2022$41.5M$10.2M – $144M$42.6M (+3%)before first round190growingD0%
1 Jun 2022$41.6M$10.2M – $144M$42.7M (+3%)before first round190growingD0%
1 Jul 2022$41.7M$10.2M – $144M$42.8M (+3%)before first round190growingD0%
1 Aug 2022$30.2M$6.31M – $145M$31.0M (+3%)before first round190unknownD0%
1 Sep 2022$30.3M$6.32M – $145M$31.0M (+3%)before first round190unknownD0%
1 Oct 2022$30.3M$6.34M – $145M$31.1M (+3%)before first round190unknownD0%
1 Nov 2022$30.4M$6.35M – $145M$31.2M (+3%)before first round190unknownD0%
1 Dec 2022$30.5M$6.36M – $146M$31.2M (+3%)before first round190unknownD0%
1 Jan 2023$30.5M$6.38M – $146M$31.3M (+3%)before first round190unknownD0%
1 Feb 2023$40.4M$7.63M – $158M$41.5M (+3%)before first round210upD0%
1 Mar 2023$40.5M$7.64M – $158M$41.5M (+3%)before first round210upD0%
1 Apr 2023$40.6M$7.66M – $159M$41.6M (+3%)before first round210upD0%
1 May 2023$40.7M$7.68M – $159M$41.7M (+3%)before first round210upD0%
1 Jun 2023$40.7M$7.69M – $159M$41.8M (+3%)before first round210upD0%
1 Jul 2023$40.8M$7.71M – $160M$41.9M (+3%)before first round210upD0%
1 Aug 2023$40.9M$7.73M – $160M$41.9M (+2%)before first round210upD0%
1 Sep 2023$33.5M$7.00M – $160M$34.2M (+2%)before first round210unknownD0%
1 Oct 2023$33.6M$7.01M – $161M$34.2M (+2%)before first round210unknownD0%
1 Nov 2023$47.0M$8.87M – $184M$47.8M (+2%)before first round250upD0%
1 Dec 2023$47.1M$8.89M – $184M$47.8M (+2%)before first round250upD0%
1 Jan 2024$47.2M$8.91M – $184M$47.8M (+1%)before first round250upD0%
1 Feb 2024$47.3M$8.93M – $185M$47.8M (+1%)before first round250upD0%
1 Mar 2024$47.4M$8.95M – $185M$47.8M (+1%)before first round250upD0%
1 Apr 2024$47.5M$8.97M – $186M$47.8M (+1%)before first round250upD0%
1 May 2024$47.6M$8.98M – $186M$47.8M (0%)before first round250upD0%
1 Jun 2024$47.7M$9.00M – $186M$47.8M (0%)before first round250upD0%
1 Jul 2024$47.8M$9.02M – $187M$47.8M (0%)before first round250upD0%
1 Aug 2024$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Sep 2024$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Oct 2024$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Nov 2024$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Dec 2024$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Jan 2025$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Feb 2025$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Mar 2025$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Apr 2025$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 May 2025$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Jun 2025$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Jul 2025$40.2M$8.40M – $192M$40.2M (0%)before first round260flatD0%
1 Aug 2025$69.4M$17.1M – $240M$69.4M (0%)before first round349growingD0%
1 Sep 2025$69.7M$17.1M – $241M$69.7M (0%)before first round351growingD0%
12 Sep 2025$4.3B$2.8B – $7.2B$4.7B (+10%)after a round351growingB0%
1 Oct 2025$4.3B$2.8B – $7.2B$4.7B (+9%)after a round351growingB0%
1 Nov 2025$4.3B$2.6B – $6.5B$4.3B (0%)after a round227downB0%
1 Dec 2025$4.3B$2.6B – $6.5B$4.3B (0%)after a round230downB0%
1 Jan 2026$4.3B$2.6B – $6.5B$4.3B (0%)after a round230downB0%
1 Feb 2026$4.4B$2.8B – $7.2B$4.7B (+6%)after a round363growingB0%
1 Mar 2026$4.5B$2.8B – $7.2B$4.7B (+6%)after a round363growingB0%
1 Apr 2026$4.5B$2.8B – $7.2B$4.7B (+5%)after a round363growingB0%
1 May 2026$4.6B$2.8B – $7.2B$4.7B (+4%)after a round363growingB0%
1 Jun 2026$4.6B$2.8B – $7.2B$4.7B (+3%)after a round364flatB0%
1 Jul 2026$4.6B$2.8B – $7.2B$4.7B (+2%)after a round364flatB0%
1 Aug 2026$4.7B$2.8B – $7.2B$4.7B (+1%)after a round364flatB0%
1 Sep 2026$4.7B$2.8B – $7.2B$4.7B (0%)after a round359flatB0%
1 Oct 2026$4.7B$2.7B – $7.2B$4.7B (0%)after a round359flatB0%
24 Oct 2026$4.7B$2.6B – $7.2B$4.7B (0%)after a round359flatB0%

Key facts about INDAQUA

Founded
1994
Headquarters
Matosinhos, Portugal
Employees
about 359 +2% in a year
Total raised
$419M
Funding rounds
1
Last round
Growth Equity Sep 2025

INDAQUA funding history

INDAQUA has 1 funding round on record, from Sep 2025 to Sep 2025, $419M in total. None disclosed a valuation.

  1. Growth Equity 11 Sep 2025

    With Schroders Capital, Santander.

    Sources: prnewswire.com, prnewswire.co.uk, smartwatermagazine.com and 1 more

    $419M

INDAQUA investors

2 investors have backed INDAQUA.

  • Santander

What INDAQUA does

INDAQUA works in water supply & water treatment, with 14 recorded offerings and customers in utilities and public sector.

INDAQUA – Indústria e Gestão de Águas S.A. is a Portuguese company engaged in the management of water supply systems for human consumption and wastewater treatment. The company operates as a municipal concession operator, providing services such as concessions management, water efficiency projects, technical consultancy, and infrastructure support. INDAQUA also engages in engineering projects and technical advice in the water and sanitation sector, and manages water supply and wastewater treatment facilities. Its operations extend to Portugal, Angola, and Spain, serving both public and private sector clients.

Description from Veridion's company data.

Products and services

  • Municipal Water Concession Management
  • Water Supply System Operations and Maintenance
  • Wastewater Treatment Facility Management
  • Water Efficiency Project Implementation
  • Water Quality Improvement Services
  • Water Loss Reduction Solutions
  • Technical Consultancy Services
  • Infrastructure Maintenance and Monitoring
  • Water and Sanitation Engineering Project Delivery
  • Water and Sanitation Technical Advisory Services
  • Sustainable Water Management Consulting
  • Urban Water Cycle Support Services
  • Public Sector Water Services
  • Private Sector Water Services

Markets

  • Utilities
  • Public Sector

Business model

  • Business-to-Business
  • Service Provider
  • Enterprise

Industry codes (NAICS)

  • 221310 Water Supply and Irrigation Systems 50% match
  • 221320 Sewage Treatment Facilities 30% match
  • 541330 Engineering Services 20% match

Questions about INDAQUA

What is INDAQUA worth?

Valuation $4.7B (range $2.6B to $7.2B), as of 24 Oct 2026.

Has INDAQUA raised money?

INDAQUA has 1 funding round on record, from Sep 2025 to Sep 2025, $419M in total. None disclosed a valuation.

Who has invested in INDAQUA?

Santander and Schroders Capital.

How many people work at INDAQUA?

About 359, up 2% over the last year. Headcount grew from 140 in Jan 2021 to 359 in Aug 2026.

What does INDAQUA do?

INDAQUA works in water supply & water treatment, with 14 recorded offerings and customers in utilities and public sector. Its main offerings are municipal water concession management, water supply system operations and maintenance and wastewater treatment facility management.

When was INDAQUA founded, and where is it based?

INDAQUA was founded in 1994 and is based in Matosinhos, Portugal. It has about 359 employees, up 2% over the last year.